Insider Selling: Christian Storch Sells 1,796 Shares of Altra Holdings Stock (AIMC)
Altra Holdings (NASDAQ:AIMC) CFO Christian Storch sold 1,796 shares of Altra Holdings stock on the open market in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $36.50, for a total value of $65,554.00. Following the transaction, the chief financial officer now directly owns 22,922 shares of the company’s stock, valued at approximately $836,653. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Altra Holdings (NASDAQ:AIMC) traded up 0.44% on Wednesday, hitting $36.77. The stock had a trading volume of 73,897 shares. Altra Holdings has a 52 week low of $24.31 and a 52 week high of $39.60. The stock’s 50-day moving average is $34.87 and its 200-day moving average is $34.09. The company has a market cap of $995.3 million and a price-to-earnings ratio of 24.89.
Altra Holdings (NASDAQ:AIMC) last posted its quarterly earnings results on Friday, April 25th. The company reported $0.48 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.50 by $0.02. The company had revenue of $210.10 million for the quarter, compared to the consensus estimate of $210.08 million. During the same quarter last year, the company posted $0.45 earnings per share. Altra Holdings’s revenue was up 15.3% compared to the same quarter last year. On average, analysts predict that Altra Holdings will post $1.97 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on AIMC shares. Analysts at Zacks downgraded shares of Altra Holdings from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 22nd. They now have a $38.50 price target on the stock. Analysts at Robert W. Baird raised their price target on shares of Altra Holdings from $39.00 to $42.00 in a research note on Friday, April 11th. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $37.38.
Altra Holdings, Inc (NASDAQ:AIMC) is a global designer, producer and marketer of a range of mechanical power transmission (MPT), and motion control products serving customers in a range of industries, including energy, general industrial, material handling, mining, transportation, and turf and garden.
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